CALGARY, May 22, 2014 /CNW/ - Stuart Olson Inc., formerly The Churchill Corporation, (TSX: CUQ, CUQ.DB) (the "Corporation") today announced the results from its annual and special meeting.
All matters submitted to the vote of shareholders were approved, including a resolution to change the Corporation's name. As a result, the Corporation will begin immediately to operate as Stuart Olson Inc.
"We are pleased with the high level of shareholder support for unifying the Corporation under a common brand," said David LeMay, President and Chief Executive Officer of the Corporation. "This will increase our competitiveness and help customers recognize our size and scope as an integrated solutions provider in the Canadian construction services sector."
The Corporation expects that its common shares and convertible debentures will start trading under the symbols SOX and SOX.DB, respectively, later in May of this year. No action is required by shareholders with respect to this change.
In addition to the name change, all nominees listed in Churchill's notice of meeting and information circular dated April 25, 2014, were elected as directors.
About Stuart Olson Inc.
Stuart Olson Inc. provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to an array of public and private sector clients. Stuart Olson operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Stuart Olson common shares and convertible debentures will be listed on the Toronto Stock Exchange under the symbols "SOX" and "SOX.DB", respectively.
Forward Looking Information This press release contains certain statements that may constitute forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, without limitation, the statements pertaining to the impact of the name change to the Corporation's competitiveness and overall recognition. Often, but not always, forward-looking information can be identified by the use of such words as "may", "will", "expect", "believe", "plan", "intend", "estimate", "outlook", "forecast", "should", "anticipate" and other similar terminology, including statements concerning possible or assumed future results. Forward-looking information is based on management's reasonable assumptions, analysis and estimates in respect of its experience and perception of trends, current economic conditions, government policies and expected developments, as well as other material factors that it considers to be relevant at the time of making such statements.
The forward-looking information in this press release is included solely for the purpose of assisting investors in understanding the Corporation's financial position and the results of its operations as at the date hereof. By its nature, forward-looking information involves known and unknown risks and uncertainties, which give rise to the possibility that management's assumptions, analysis and estimates will be incorrect and that the Corporation's anticipated results will not be achieved. Although the Corporation believes that the statements with respect to forward-looking information are reasonable and current, such statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Forward-looking information is necessarily subject to a number of factors that may cause actual results to differ materially from those results implied by the expectations suggested by such information. Those factors include, without limitation, the risks and uncertainties described in the Corporation's Annual Information Form filed with the securities regulatory authorities in Canada under the Corporation's profile at www.sedar.com. Readers are encouraged to consider the foregoing risks and other factors carefully when evaluating the forward-looking information and are cautioned not to place undue reliance upon such information when making investment decisions.
The forward-looking information in this press release is current to the date hereof, and is subject to change following such date. While the Corporation may elect to do so, unless required by applicable law, it undertakes no obligation to update this information to reflect new information or circumstances at any particular time.
Image with caption: "Suart Olson Inc. Corporate Logo (CNW Group/The Churchill Corporation)". Image available at: http://photos.newswire.ca/images/download/20140522_C9635_PHOTO_EN_40676.jpg
SOURCE: The Churchill Corporation
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